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Lance Surety Bonds offers all
types of surety bonds throughout the nation, including Tennessee.
Through solid relationships with a network of A-Rated, T-listed
Tennessee surety bond companies, our agency is able to offer a variety
of exclusive bond programs to all applicants, even those with bad
credit. We’ll help you get bonded fast, at the best possible rate. Our
bond agents are available to answer any questions you may have about
Tennessee bonding requirements.

To get started, have a look at the questions and answers section below.
There you will find all relevant information about Tennessee surety
bonds - how much your bond will cost, how our bad credit program works
and how you can get bonded.

If you’d like to apply for your Tennessee surety bond right away, you
can do so by using the search tool below. Find the bond you need and
simply follow the application link. Once you submit your application
form we will contact you with a free quote on your bond.

If you’d rather speak to us directly, our surety bond experts are
available to take your call. Give us a call at(877) 514-5146
whenever you’d like. We know all about bonding requirement in Tennessee
and can guide you through the application process.

Frequently Asked Questions

How Much Does a Surety Bond Cost in Tennessee?

Tennessee surety bonds do not have a fixed cost. How much a bond costs depends on its full amount, and on your financial standing as an applicant. Sureties take these two factors together when determining your premium rate.

All surety bonds have a bonding amount. Simply put, this amount is the financial backing that a surety bond guarantees to its obligees. Bond amounts vary greatly from state to state, even for the same type of bonds, and are determined by state governments.

Some bond amounts are fixed on a federal level but only a few. Amounts for contract bonds also vary, depending on the specific contract they are for.

To determine the rate of your Tennessee surety bond, a surety bond company will look at the bond you are applying for and at your personal credit score. Personal credit score is important to surety bond companies because it clearly shows how financially stable an applicant is. Naturally, those with a high credit score are deemed more reliable and offered a lower rate.

This rate, the so-called standard market rate, typically ranges between 1%-4% of the total amount of the bond. Some bonds applicants may need to further showcase their assets or liquidity, and present financial statements. The better and healthier these are, the better the rate the sureties can offer, and the lower of the cost of your Tennessee surety bond will be.

Want to find out even more about what influences bond cost? Our extensive surety bond cost guide has the answers.

Tennessee Bad Credit Surety Bonds Program

Applying for a surety bond with bad credit can be tough. Often, such applicants are turned down because they are deemed unsafe and risky. This means that a lot of businesses who otherwise do a great job get held up by this hurdle.

Our Bad Credit Surety Bonds program offers a way out of this situation. We want to help businesses grow, and have created a special program that allows those who have less-than-perfect credit to get bonded.

Getting your Tennessee surety bond under this program means you will have to pay a slightly higher rate, ranging between 5%-15% of the total amount of your bond. The higher rates serve to offset the risk that is present when providing bonds to applicants with a low credit score.

No matter what, we do our best to get the best possible rate for our applicants. Thanks to the expert Tennessee surety bond companies we work with, this is almost always the case.

How to Get Bonded in Tennessee

You’re just a few steps away from getting your Tennessee surety bond. To begin with your application, apply online through our secure and simple application tool. As soon as we check your application, we will offer you a free quote on your bond. If necessary, we may also ask you to provide us with some additional information. From there it’s only a matter of a short amount of time until you get your Tennessee surety bond.

Lance Surety Bonds is at your disposal. Call us at (877) 514-5146 anytime! We take pride in being one of the nation’s best surety producers. We are familiar with Tennessee bonding requirements in detail and will be able to offer you advice, guidance and information. Don’t hesitate, call us today.

Types of Tennessee Surety Bonds

We offer all types of surety bonds in Tennessee - Tennessee license
bonds, Tennessee contract bonds and Tennessee court bonds. These three
types include all possible types of surety bonds you may need.

License bonds are
the bonds we underwrite for businesses who need to get licensed. Which
businesses need to get a bond is determined by the state of Tennessee
and sometimes by the federal government.

These bonds, also called license and permit bond in full or commercial
bonds, guarantee that bonded individuals and businesses will comply with
the regulations concerning their business license. These concern auto
dealers in Tennessee, mortgage brokers and lenders, freight brokers,
contractors, and many more.

Contract bonds are
the bonds we underwrite for contractors when they want to participate in
a bid, or are about to begin work on a project in Tennessee. Before
contractors can do so, though, they also need to get licensed (and
bonded) as contractors.

Bond amounts for Tennessee contract bonds depend on the contract amount,
though most state and federal projects will require contractors to get
bonded. This applies to many private construction projects in Tennessee
as well.

Court bonds are the
bonds we underwrite when an individual is requested by a Tennessee court
to obtain a bond before certain legal proceedings can take place. These
include appealing a judgement as well as assuming the role of fiduciary
and guardian. Both these instances will often require a Tennessee court
bond.

Top Surety Bond Companies in Tennessee

We work with and represent some of the best surety bond companies in
Tennessee. All of our partner companies are licensed in all 50 states
and have offices in many of them. All of them are A-rated and even
better under the ‘A.M. Best’ credit rating system. Furthermore, all of
them are T-listed with the U.S. Department of Treasury. This places them
among the best companies in the surety industry.

Some of the underwriting companies we work with include the following:
Washington International Insurance Company, Swiss Reinsurance American
Corporation, International Fidelity Insurance Company. By getting bonded
in Tennessee with us, you are choosing the best in the business.

What Our Clients Have To Say?

Quick response times and turn around for issuing bonds. Great customer service and very knowledgeable. We have used Lance Surety multiple times and have never been disappointed. Highly recommend them and Collette!

Andrew Poincot

Long story short, these guys cut through the B.S. and get the job done. Responsiveness, excellent! Communication, excellent! Respect for their industry partners, excellent! John, Collette, Ryan, you're all-stars! Thank you!

Margie Martinez

We decided for Lance Surety Bond's quote for 2 reasons; Price and Customer Service. Our Representative Ryan was just SUPERB!! [...] I highly recommend Lance Surety Bond for all your Bonding needs! I'll definitely come back for all of mine. :-) Thanks Ryan!